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1 Peseta Sax

Issuer Consejo Municipal de Sax
Year 1937
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Reference(s) Gari Mon#1338-B
Obverse description Blue letterpress note on cream paper, with a repeating small-square geometric border running along all four margins and a dot-matrix underprint covering the central field. The denomination numeral '1' appears at upper left alongside the vertical legend 'CONSEJO MUNICIPAL SAX', while the series letter and serial number are printed in the upper centre. A handwritten signature of the Mayor (El Alcalde) occupies the lower centre, accompanied by an oval municipal rubber stamp at right. The printer's imprint 'INDUSTRIAS GRÁFICAS – ORTIN – ELDA' is typeset at the foot of the note.
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Reverse description Entirely unprinted reverse on plain cream paper stock, without any design, text, or security elements.
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Comments

Sax is a small municipality in Alicante province, and like hundreds of Spanish towns during the Civil War, it issued its own emergency paper money when the Republican government's coin shortage made small transactions nearly impossible. The national silver and copper coinage had effectively vanished from circulation by mid-1937 — hoarded, melted, or simply absent — forcing local councils to print their own fractional substitutes under emergency decree.

Industrias Gráficas Ortín in nearby Elda was the workhorse printer for several Alicante-region municipal emissions during this period. The Gari Monetary catalog reference 1338-B implies at least a variant A exists or existed, suggesting the series had more than one printing or issue state worth distinguishing.

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